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Source document· May 16, 2026

UBS resets silver price target for rest of 2026

View original at finance.yahoo.com
UBS resets silver price target for rest of 2026 Silver hit an all-time high of $121.64 on January 29. By May 14, it was trading at $84, having briefly cleared $87 the day before on US-China tariff optimism before April CPI data pulled it back…
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  • UBS lowered its end-Q2 2026 silver price target from $100 to $85, end-Q3 from $95 to $85, year-end from $85 to $80, and March 2027 forecast from $85 to $75

    60% confidence

  • For 2026, weaker demand from photovoltaics is expected due to elevated prices

    60% confidence

  • Silver is expected to trade broadly sideways for the remainder of 2026

    60% confidence

  • Three demand headwinds — reduced photovoltaic demand, lower silverware and jewelry demand, and reduced investment demand — will reduce silver consumption by approximately 50 million ounces in 2026

    60% confidence

  • The easy part of the silver trade may already be over

    60% confidence

  • The 2026 global silver supply deficit is estimated at 60-70 million ounces, down from a prior estimate of approximately 300 million ounces — an 80% reduction

    60% confidence

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Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
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UBS resets silver price target for rest of 2026 — Source | Via News | Via News